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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: N who wrote (24486)	8/17/1998 10:21:00 AM
From: Moominoid	Read Replies (1) \| Respond to of 94695

David, what's your take on the Hong Kong currency board buying the Hang Sheng last Friday? I'm sure there are lots of people on SI with a better understanding of Hong Kong but as I understand it would be the Treasury buying shares. From the AFR article: "The Government bought into all 33 blue-chip stocks in the Hang Seng index, while Mr Yam's authority was buying $HK with $US. " This is the kind of thing Japan says it won't do any longer. To me that's a big negative and could show Mainland involvement. But again what do I know. David